Loan sharking rampant in Rautahat, over 7,000 victims file complaints against moneylenders
Summary
Over 7,000 residents in Rautahat district have filed complaints against moneylenders accused of loan sharking and predatory lending practices, leading to widespread financial distress and legal battles.
Key Points
- Arjun Phuyal lost land and savings after lending fraud by Rambabu Sah Kalwar in Rautahat.
- Kalwar has been accused of predatory lending practices including exploiting promissory notes and blank cheques.
- Approximately 7,000 residents filed complaints against moneylenders at the District Administration Office in Gaur.
- Victims allege political protection for loan sharks and insufficient justice from courts and authorities.
